Target Corp., in the wake of its massive data breach, won't account for the losses in its so-called adjusted earnings when it announces them next month. Apparently EBITDA now stands for Earnings Before Intruders Took our Data and Absconded.

Bloomberg columnist Jonathan Weil takes the Minneapolis retailer to task for shunting the costs of the breach off its adjusted earnings — which are typically the earnings that companies put higher up in their announcements because they often look better than those done under GAAP rules, or generally accepted accounting principles.